Present and Future values

Using the present and tuture value tables in Appendix A$,$ the appropriate calculations on the Garman$/$Forgue companion website, or a financlal calculator; calculate the following:

a$.$ The amounte person would need to deposit today to be able to withdraw $$6,000$ each year for $10$ years from an account eaming $4$ percent. Round your answer to the ncarest whole dollar. Round Present Value of Scries of Equal Amounts in intermediate calculations to four decimal places.

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b$.$ A person is offered a gift of $$4,900$ now or $$8,000$ five years from now. If such funds could be expected to earn $4$ percent over the next five years, which is the better choice? Round Future Value of a Single Amount in intermedlate calculations to four decimal places.

C$.$ A person wants to have $$1,000$ avallable to spend on an overseas trip four years from now. If such funds could be expected to earn $6$ percent, how much should be imvested in a lump sum to realize the $$1,000$ when needed? Round your answer to the nearest whole dellar. Round Present value of a $5$ ingle Amount in intermesiate calculations to four decimal places.

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d$.$ A person invessa $$50,000$ in an investment that earns o percent. If $$5,964$ is withdrawn each year, how many years will it take for the fund to run out? Raund to the nearest whole vear. Round Present Value of Series of Equal Amounts in intermedlate calculations to four decimal places.